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Does Federal Aid Hike College Tuition?

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Bibliographic Details
Title: Does Federal Aid Hike College Tuition?
Language: English
Authors: Adam, Michelle
Source: Education Digest: Essential Readings Condensed for Quick Review. Dec 2005 71(4):42-46.
Availability: Prakken Publications, 832 Phoenix Dr., P.O. Box 8623, Ann Arbor, MI 48108. Tel: 734-975-2800; Fax: 734-975-2787; Web site: http://www.eddigest.com/.
Peer Reviewed: N
Page Count: 5
Publication Date: 2005
Document Type: Journal Articles
Opinion Papers
Education Level: Higher Education
Descriptors: Tuition, Federal Aid, Higher Education, Student Financial Aid, State Aid, Human Capital, Educational Finance
ISSN: 0013-127X
Abstract: Imagine a different kind of financial aid for those who can not afford the skyrocketing prices of today's college education. It involves selling shares of oneself--selling shares that would provide a return on one's potential earnings to those willing to invest in one's education. In this article, the author comments on Gary Wolfram's selling shares as the human capital contract that allows students to go to a venture capital market and obtain investors in their education. He favors such financial aid, challenging the effectiveness and efficiency of supporting higher education through the current federal aid system. Moreover, he pointed out that while some schools may choose to maintain tuition levels, they may instead lower university or state financial assistance in the face of increased federal grant aid. Furthermore, he discusses the pros and cons of eliminating federal aid and replacing it with a more private market-based approach.
Abstractor: ERIC
Entry Date: 2006
Access URL: https://www.eddigest.com/index.php
Accession Number: EJ741206
Database: ERIC
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Abstract:Imagine a different kind of financial aid for those who can not afford the skyrocketing prices of today's college education. It involves selling shares of oneself--selling shares that would provide a return on one's potential earnings to those willing to invest in one's education. In this article, the author comments on Gary Wolfram's selling shares as the human capital contract that allows students to go to a venture capital market and obtain investors in their education. He favors such financial aid, challenging the effectiveness and efficiency of supporting higher education through the current federal aid system. Moreover, he pointed out that while some schools may choose to maintain tuition levels, they may instead lower university or state financial assistance in the face of increased federal grant aid. Furthermore, he discusses the pros and cons of eliminating federal aid and replacing it with a more private market-based approach.
ISSN:0013-127X